Limited penetration of EVs, withdrawal of government subsidies and range anxiety make a strong case for a higher penetration of hybrids in the short to medium term, says India Ratings and Research.
Homegrown automakers say comparing the Indian EV market with the rest of the world isn't right.
While hybrids outsold electric vehicles in the last six months of the financial year 2023-24, they accounted for just 2.1% of total car sales.
Hybrid is not really the technology for the future that EV is, says Mahindra Group CEO Anish Shah
According to Scardaoni, the luxury car maker plans to bring a hybrid powertrain for its ICE-driven SUV Urus Performante and supercar Huracan by 2025.
The current trend of hybrid cars outselling electric vehicles in India is likely to continue in the short term, say experts
Maruti Suzuki expects 25% of its total sales to come from hybrid vehicles by 2030.
